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Ours, yours, and mine

Apr 20, 2012
I don't have a question, just a comment on how our finances work. My wife and I agreed a long time ago we each need an allowance. We decided to take a percentage of our gross income as an allowance deposited to our personal checking account. The balance goes to the Joint account for all household bills and expenses. ... This has worked well for us as we agree that most household expenses are joint. Gary, Milwaukee, WI